1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
20TH
JANUARY 2015

2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric April futures traded on a positive note on Monday at India's National Commodity &
Derivatives Exchange(NCDEX). Turmeric spice surged up by 1.53% to 9134 level on Monday
(5.00pm) at NCDEX.
Turmeric traded slightly lower as traders waited for the prices to cool before initiating fresh
demand in mandis. Low stocks and lower production reports are however likely to support
prices in the medium to long term. Demand from North India is also expected to rise in coming
weeks.
TURMERIC (APRIL) DAILY CHART
TURMERIC (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 9345,
RESISTANCE 1: 9240,
SUPPORT 1: 9030,
SUPPORT 2: 8925.
STRATEGY: BUY ON DIPS

3. DAILY AGRI COMMODITY REPORT
SOYABEAN
The NCDEX Soyabean February futures eased by by -0.40% in the last trading to close at 3462
level till Monday closing.
Moderate firmness was noted for Soybean last week even as no strong recovery was noted in
the International markets. Firm demand in domestic market kept trend slight firm as traders
anticipate demand to rise even further in coming weeks.Higher projections for global
production could however keep a tap on the rising rates.
SOYABEAN (FEBRUARY) DAILY CHART
SOYABEAN (FEBRUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2:3505,
RESISTANCE 1: 3480,
SUPPORT 1: 3450,
SUPPORT 2: 3430.
STRATEGY: SELL ON RISE

4. DAILY AGRI COMMODITY REPORT
CHANA
Chana futures traded on a positive note on incresed demand on Monday. Chana January
contract gained 1.13% to 3411 levels on Monday (5.00PM).
The 2nd advance estimate by Rajasthan state agriculture department projected 12.24 lakh tons
of chana this year, while it had touched 16.40 lakh tons last year. Chana acreage is lagging by
22% there. As per the data, sowing area has covered 14.9 lakh ha in the state so far, while it
was recorded 19.23 lakh ha last year.
CHANA (FEBRUARY) DAILY CHART
CHANA (FEBRUARY) TECHNICAL VIEW:
TREND: MIXED TO BEARISH
RESISTANCE 2: 3495,
RESISTANCE 1: 3450,
SUPPORT 1: 3365,
SUPPORT 2: 3315.
STRATEGY: SELL ON RISE

5. DAILY AGRI COMMODITY REPORT
DHANIYA
The NCDEX Dhaniya April futures surged up by 0.21% in the last trading to close at 7480 level on
Monday.
Sentiment weakened further as speculators reduced their positions on the back of sluggish
demand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian
Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.
DHANIYA (APRIL) DAILY CHART
DHANIYA (APRIL) TECHNICAL VIEW:
TREND: MIXED TO BULLISH
RESISTANCE 2: 7780,
RESISTANCE 1: 7630,
SUPPORT 1: 7340,
SUPPORT 2: 7200,
STRATEGY: BUY ON DIPS

6. DAILY AGRI COMMODITY REPORT
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